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Aseana Properties
(LSE:ASPL)
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Rating:58Neutral
Price Target:
$0.07
▲(4.29% Upside)
Action:Reiterated
Date:09/18/26
Overall score reflects mixed fundamentals: improved 2025 profitability and a healthier leverage profile are positives, but weak 2025 cash generation and historically volatile results are the main risks. Valuation is attractive on a low P/E, while technicals are only moderately supportive due to an overbought RSI despite mildly positive trend signals.
Positive Factors
2025 Revenue and Profit Rebound
The sharp 2025 revenue recovery and return to solid profit show that ASPL can generate material earnings when property transactions or development activity progress. This improves near-term financial capacity and provides a stronger base for value realization over the next several quarters.
Negative Factors
Weak Cash Conversion
Negative free cash flow despite reported profit indicates that earnings are not currently translating reliably into cash. Persistent cash burn could increase funding needs, restrict investment flexibility, and make ASPL more dependent on asset sales or other financing to sustain its property strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue and Profit Rebound
The sharp 2025 revenue recovery and return to solid profit show that ASPL can generate material earnings when property transactions or development activity progress. This improves near-term financial capacity and provides a stronger base for value realization over the next several quarters.
Read all positive factors
Aseana Properties (ASPL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
$20.28M
Dividend Yield2.67%
Average Volume (3M)0.00
Price to Earnings (P/E)2.4
Beta (1Y)-0.20
Revenue Growth-13.78%
EPS GrowthN/A
CountryUK
Employees316
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.03
Shares Outstanding289,652,500
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.31
Price to Sales (P/S)0.53
P/FCF Ratio-11.80
Enterprise Value/Market Cap1.90
Enterprise Value/Revenue1.47
Enterprise Value/Gross Profit2.04
Enterprise Value/Ebitda3.18
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aseana Properties Business Overview & Revenue Model
Company Description
Aseana Properties Limited (ASPL.L) operates as a real estate development firm with its primary focus on Malaysia and Vietnam, additionally serving as an investment holding vehicle. The company's activities encompass the acquisition and constructio...
How the Company Makes Money
ASPL’s earnings are primarily tied to monetising its property interests rather than operating a high-frequency, recurring-revenue service business. Key ways it makes (or is intended to make) money include: (1) Sale or disposal of property interest...
Aseana Properties Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.20M | 32.38M | 18.48M | 15.75M | 11.95M | 6.27M |
| Gross Profit | 18.95M | 19.77M | 14.36M | 15.04M | 11.25M | 5.74M |
| EBITDA | 12.13M | 15.29M | -1.72M | -7.62M | -17.15M | -4.26M |
| Net Income | 8.55M | 12.21M | -9.90M | -8.73M | -15.87M | -5.75M |
Balance Sheet | ||||||
| Total Assets | 126.54M | 128.51M | 129.82M | 137.36M | 157.17M | 190.37M |
| Cash, Cash Equivalents and Short-Term Investments | 2.70M | 6.19M | 5.32M | 4.27M | 7.26M | 7.11M |
| Total Debt | 20.95M | 19.38M | 28.11M | 30.73M | 32.86M | 44.01M |
| Total Liabilities | 71.38M | 72.59M | 88.13M | 80.91M | 89.37M | 101.35M |
| Stockholders Equity | 55.11M | 55.87M | 41.65M | 63.39M | 73.21M | 91.66M |
Cash Flow | ||||||
| Free Cash Flow | -9.29M | -1.45M | 4.95M | -5.63M | -4.56M | -9.87M |
| Operating Cash Flow | -4.14M | -4.00K | 5.10M | -5.48M | -4.52M | -9.83M |
| Investing Cash Flow | -5.15M | -1.45M | -32.00K | -24.00K | 10.51M | 668.00K |
| Financing Cash Flow | 3.36M | -649.00K | -3.27M | -693.00K | -8.77M | 12.04M |
Aseana Properties Technical Analysis
Positive
0.07
Price Trends
0.07
Positive
0.07
Positive
0.07
Negative
Market Momentum
<0.01
Positive
87.27
Negative
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ASPL, the sentiment is Positive. The current price of 0.07 is equal to the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 87.27 is Negative, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ASPL.
Aseana Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £27.15M | 20.99 | 4.34% | 1.09% | 3.71% | 29.79% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | £22.77M | 8.46 | 5.63% | 1.62% | 15.45% | 8.98% | |
58 Neutral | $20.28M | 2.37 | 15.40% | 2.67% | -13.78% | ― | |
54 Neutral | £29.87M | -7.23 | -11.17% | 4.79% | ― | ― | |
49 Neutral | £17.59M | -1.74 | -19.67% | 1.02% | 120.54% | 65.03% |
* Real Estate Sector Average
GB:ASPL
Aseana Properties
0.07
>-0.01
-6.67%
GB:CDFF
The Cardiff Property
2,750.00
178.64
6.95%
GB:CIC
The Conygar Investment
29.50
1.50
5.36%
GB:FPO
First Property
15.40
-0.06
-0.38%
GB:PCA
Palace Capital
188.00
-21.94
-10.45%
GB:ALSP
Ace Liberty & Stone Plc
35.00
5.00
16.67%
Aseana Properties Corporate Events
Other
Aseana CEO Boosts Stake with Major Share Purchase
Positive
Sep 3, 2026
Aseana Properties Limited has disclosed that its Chief Executive Officer, Leong Kheng Cheong, has acquired 9,000,000 ordinary shares in the company at a price of US$0.07 per share. The purchase increases his stake to approximately 3.10 per cent of...
Business Operations and StrategyFinancial Disclosures
Aseana Properties H1 2026 results show stronger underlying performance despite FX hit
Neutral
Aug 18, 2026
Aseana Properties reported unaudited revenue of US$11.0 million for the six months to 30 June 2026, driven mainly by The RuMa Hotel and Residences, alongside steady performance at Sandakan Harbour Mall and the April reopening of the refurbished Sa...
Business Operations and StrategyFinancial Disclosures
Aseana hands RuMa and Ormond Sandakan management to Ormond Group in related-party deal
Positive
Jul 13, 2026
Aseana Properties has signed hotel management agreements with Ormond Group for The RuMa Hotel and Residences in Kuala Lumpur and the Ormond Sandakan property in Malaysia. The deals align Aseana’s hospitality assets with Ormond’s design...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.